Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Sensex Today Tanks 531 Points | Nifty Below 24,250 | Bajaj Finance & ITC Top Losers - Equitymaster
Sensex Today Tanks 531 Points | Nifty Below 24,250 | Bajaj Finance & ITC Top LosersEquitymaster
Sensex Today Tanks 531 Points | Nifty Below 24,250 | Bajaj Finance & ITC Top Losers - Equitymaster
Sensex Today Tanks 531 Points | Nifty Below 24,250 | Bajaj Finance & ITC Top LosersEquitymaster
Indian Rupee loses momentum as international oil prices and dollar firms up
The Indian rupee lost momentum in opening trades on Wednesday as international oil prices and dollar firmed up following renewed tensions between US and Iran. Reported US air strikes on Iran drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes that kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. INR opened at Rs 95.15 per dollar and hit a low of 95.19 so far during the day. Local equities are also seen in negative tracking global peers on concerns that the AI-fueled rally in chipmakers may be losing momentum. The Nifty 50 has fallen below 24,250 while the BSE Sensex has tumbled over 550 points, trading around the 77,60077,800 range. Yesterday, rupee appreciated 48 paise to close at 94.95 against the US dollar, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties.
Sensex tumbles over 550 points, Nifty falls below 24,250 as Iran-US conflict escalates
Indian stock markets experienced a decline on Wednesday as oil prices surged. Benchmark indices Sensex and Nifty fell significantly due to renewed Iran-US conflict escalations. Broader market indices also slipped into the red, reflecting widespread bearish sentiment. Foreign investors, however, continued their buying trend for a fifth consecutive session. The Indian rupee opened lower against the US dollar amid these developments.
Q1 preview: Credit recovery aids banks, margins watched: Anand Rathi Wealth
Loan growth should support income, asset quality should remain manageable, and margins may stabilise gradually
BlackRock Takes On Invesco With New Nasdaq-100 ETF Amid AI Boom
BlackRock's new iShares Nasdaq-100 ETF debuts Thursday amid booming AI-driven demand.
BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance as AI rally boosts demand
The iShares Nasdaq 100 ETF, offered by the world's largest asset manager, will track the flagship U.S. index and start trading under the ticker on Thursday
Cemindia Projects among 8 small-cap stocks that hit 52-week highs, rally up to 35% in a month
Despite a weak broader market, eight BSE Small-cap 250 stocks, led by Cemindia Projects, hit fresh 52-week highs after rallying up to 35% over the past month, signalling sustained buying interest and strong bullish momentum.
Stock market today: Sensex, Nifty 50 snap four-day winning streak as oil prices rise
The Sensex dropped 104 points, or 0.13%, to end at 78,180.72, while the Nifty 50 shed 32 points, or 0.13%, to finish at 24,398.70. Nifty Midcap 100 and Smallcap 100 indices dropped 0.30% and 0.55%, respectively.
This smallcap aerospace stock could soar 91%, predicts Nuvama
Nuvama has initiated coverage on Aequs with a 'Buy' rating and a target price of Rs 444, implying a 91% upside. The brokerage expects strong earnings growth, backed by the company's $889 million order book, vertically integrated aerospace manufacturing capabilities, and long-term contracts with global aerospace OEMs.
Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?
Recently listed Vedanta stocks experienced a significant decline on Tuesday morning. Vedanta Iron and Steel shares surged sharply after a substantial investment by Premji Invest. This smallcap counter saw its market capitalization more than double before the rally lost momentum. Vedanta Aluminium shares dropped despite reporting record quarterly production figures. Vedanta Oil & Gas and Vedanta Power also saw their stock prices fall since listing.
IndusInd Bank among 6 stocks to hit 52-week highs & rally up to 25% in a month
Six BSE 100 stocks, including Cholamandalam Investment, IndusInd Bank and Lupin, touched fresh 52-week highs as the Sensex climbed 521 points. The milestone reflects strong buying interest, positive momentum and growing investor confidence amid the broader market rally.